Publication Date
1-1-1993
Document Type
Dissertation/Thesis
First Advisor
Norton, Curtis L.
Degree Name
B.A. (Bachelor of Arts)
Legacy Department
Department of Accountancy
Abstract
The FASB passed Accounting Standard 107 requiring all companies to disclose the fair value of their financial instruments . Implementation of this standard is easy for most companies but financial institutions have a wide variety of financial instruments that must be disclosed at fair value . Determining the fair value of these instruments presents some problems for financial institutions because many of them are not readily marketable therefore, they have no quoted market prices . The purpose for this paper is to address the methods of determining fair value as set forth by the FASB and to evaluate the reliability and usefulness of the required disclosure. The footnotes disclosed by many financial institutions have been examined to determine the methods used to calculate fair value. After examining the available information I have determined that the information provided by the disclosure of fair values is both reliable and useful.
Recommended Citation
Clayton, Dale, "The implementation of Financial Accounting Standard 107" (1993). Honors Capstones. 1213.
https://huskiecommons.lib.niu.edu/studentengagement-honorscapstones/1213
Extent
73 pages
Language
eng
Publisher
Northern Illinois University
Rights Statement
In Copyright
Rights Statement 2
NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.
Media Type
Text
